https://www.taxtmi.com/acts?id=51211 The Income-tax Act is amended to treat ex gratia payments made by the Central Government consequent on abolition of privy purses as specified income, to deem the annual value of one palace occupied by a Ruler (previously exempt under certain taxation concession orders) to be chargeable while preserving a transitional exemption for the relevant assessment year, and to empower the Central Government to rescind or amend notifications granting exemptions or rate modifications under section 297(2). en-us Fri, 02 May 2025 15:28:04 +0530 Fri, 02 May 2025 15:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51211 The Income-tax Act is amended to treat ex gratia payments made by the Central Government consequent on abolition of privy purses as specified income, to deem the annual value of one palace occupied by a Ruler (previously exempt under certain taxation concession orders) to be chargeable while preserving a transitional exemption for the relevant assessment year, and to empower the Central Government to rescind or amend notifications granting exemptions or rate modifications under section 297(2). Act-Rules F. Acts / Amendment Acts Fri, 02 May 2025 15:28:04 +0530 https://www.taxtmi.com/acts?id=51211